What are the Advantages of Over 50 Life Insurance| Cover Direct
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The Pros and Cons of Over 50 Life Insurance

Becky Simmonds, author

Becky Simmonds,
16 December 2020

Reading time: 5 minutes

If you are over 50 and considering whether to take out life insurance, here is a handy guide to the pros and cons of Over 50 Life Insurance. A fixed sum paid on your death can be a boost to your family at a traumatic time ... did you know that four in ten people have not put enough aside to cover the cost of their funeral?*


  • Guaranteed acceptance - unlike other life insurance policies, you do not need to answer any medical questions.
  • Fixed cash payout - when you take out your plan, you agree the lump sum to be paid out when you die.
  • Fixed monthly premiums - you choose how much you can afford to pay each month.
  • Whole-of-life cover - the policy will pay out regardless of when you die.
  • Spend as they wish - the payout from your policy can be used for your funeral costs, to pay off existing debts or simply as a gift for your loved ones.


  • Waiting period until you are fully covered (because there are no medical questions) - typically 12 months but can be longer with some insurers.
  • You can't miss payments - if you do, your cover will usually end. However, some insurers will allow a payment holiday if you have already been paying in for a set period.

Now you know what an Over 50 Life Insurance policy can offer you, why not complete the form (it only takes two minutes)? Get your free quote now and find out how little it costs to be protected.